Chifeng Jilong Gold MiningLtd Balance Sheet Health
Financial Health criteria checks 5/6
Chifeng Jilong Gold MiningLtd has a total shareholder equity of CN¥9.0B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are CN¥18.9B and CN¥9.9B respectively. Chifeng Jilong Gold MiningLtd's EBIT is CN¥1.6B making its interest coverage ratio 8.8. It has cash and short-term investments of CN¥1.8B.
Key information
31.1%
Debt to equity ratio
CN¥2.79b
Debt
Interest coverage ratio | 8.8x |
Cash | CN¥1.79b |
Equity | CN¥8.95b |
Total liabilities | CN¥9.90b |
Total assets | CN¥18.85b |
Recent financial health updates
Chifeng Jilong Gold MiningLtd (SHSE:600988) Has A Pretty Healthy Balance Sheet
Aug 08Is Chifeng Jilong Gold MiningLtd (SHSE:600988) A Risky Investment?
Apr 29Recent updates
Chifeng Jilong Gold MiningLtd (SHSE:600988) Has A Pretty Healthy Balance Sheet
Aug 08After Leaping 26% Chifeng Jilong Gold Mining Co.,Ltd. (SHSE:600988) Shares Are Not Flying Under The Radar
Jul 17Is Chifeng Jilong Gold MiningLtd (SHSE:600988) A Risky Investment?
Apr 29Brokers Are Upgrading Their Views On Chifeng Jilong Gold Mining Co.,Ltd. (SHSE:600988) With These New Forecasts
Apr 11Market Participants Recognise Chifeng Jilong Gold Mining Co.,Ltd.'s (SHSE:600988) Earnings Pushing Shares 30% Higher
Apr 02Financial Position Analysis
Short Term Liabilities: 600988's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥3.6B).
Long Term Liabilities: 600988's short term assets (CN¥5.1B) do not cover its long term liabilities (CN¥6.3B).
Debt to Equity History and Analysis
Debt Level: 600988's net debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: 600988's debt to equity ratio has reduced from 35.3% to 31.1% over the past 5 years.
Debt Coverage: 600988's debt is well covered by operating cash flow (76.3%).
Interest Coverage: 600988's interest payments on its debt are well covered by EBIT (8.8x coverage).